Latest Updates -
-The latest income tax slabs for 2012-2013 can be found here - Income tax slabs 2012-13.
-The latest free income tax calculator to calculate your latest tax and to compare your tax savings from previous year can be found here
Free Income Tax calculator.
The detailed income tax slabs / income tax rates for 2008-2009 and a free income tax calculator based on the latest tax slabs.
Changes to income tax slabs in this budget from previous budget are -
Following income tax tables indicate income tax slab for "2008-2009". The first column indicates the income tax slab, and the second column indicates the income tax applicable on your income. Income tax indicates the percentage that needs to be paid as tax on your income.
| Income tax slab (in Rs.) | Tax |
|---|---|
| 0 to 1,50,000 | No tax |
| 1,50,000 to 3,00,000 | 10% |
| 3,00,000 to 5,00,000 | 20% |
| Above 5,00,000 | 30% |
| Income tax slab(in Rs.) | Tax |
|---|---|
| 0 to 1,80,000 | No tax |
| 1,80,000 to 3,00,000 | 10% |
| 3,00,000 to 5,00,000 | 20% |
| Above 5,00,000 | 30% |
| Income tax slab(in Rs.) | Tax |
|---|---|
| 0 to 2,25,000 | No tax |
| 2,25,000 to 3,00,000 | 10% |
| 3,00,000 to 5,00,000 | 20% |
| Above 5,00,000 | 30% |
Use the above income tax slab tables along with this free Quick Income tax calculator to calculate your income tax. The quick calculator also calculates your income tax based on previous years income tax slabs and tells you how much tax you saved.
Use Quick Income tax calculator: A simple calculator to find out how much tax you will pay this year based on the latest tax slabs. Enter your income and it will calculate the tax for you and let you know how much tax you will save compared to last year.
